March 19, 2020
The Coming Economic Crash
Judson Phillips
Without intervention, in the next 30 to 60 days, the economy is going to go off a cliff. Even with intervention, it is going to be pretty bad. JP Morgan predicts this will be worse than 2008.
They are right only to a point.
As soon as the virus passes, demand will pick up rapidly. The Chairman of FedEx says we will see a "V" in the economy. That is perhaps the best way to describe it.
As soon as this passes, perhaps as soon as May or June, the economy will come back very strongly because of the pent up demand.
We just have to survive the next six to eight weeks.
Posted by: Timothy Birdnow at
08:30 AM
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I sure hope it's going to get better soon! There are a huge number of older folks who are counting on their stock-backed retirement funds to get them through the rest of their time on this earth, and right now they are scared as hell!
Posted by: Dana Mathewson at March 20, 2020 10:02 PM (rdPxj)
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